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SaltX Technology Holding AB Interim Report Q3 - 2023

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SaltX Technology is a Swedish Greentech company that develops and markets sustainable technology that benefits customers, the climate, and society. The company today issues its Interim Report Q3 - 2023.

"During the quarter, the trust in us as a company, our technology, and its potential has strengthened even more. We are well on our way to becoming a significant industrial player and a strong driving force in the industry's transformation." 

- Carl-Johan Linér, CEO SaltX Technology


Presentation of Interim report 
The report is presented in a video interview where SaltX CEO, Carl-Johan Linér, talks about the quarter that has passed, answers questions from shareholders, and describes the company's plans for going forward. Feel free to continue sending any questions via email: investor@saltxtechnology.com

CEO interview, Interim Report Q3-2023 with Carl-Johan Linér - https://youtu.be/uI2F69Vv-wQ

 
FINANCIAL EVENTS 

The third quarter 

  • Net sales amounted to MSEK 2.3 (0.2) 

  • Operating profit/loss (EBIT) totaled MSEK -8.6 (-10.7) 

  • Cash flow from operating activities amounted to MSEK 14.3 (-12.2) 

  • Earnings per share before and after dilution amounted to SEK -0.08 (-0.09) 

Year-to-date January - September 

  • Net sales amounted to MSEK 9.1 (0.3) 

  • Operating profit/loss (EBIT) totaled MSEK -30.0 (-39.7) 

  • Cash flow from operating activities amounted to MSEK -3.6 (-38.6) 

  • Earnings per share before and after dilution amounted to SEK -0.27 (-0.38) 


SIGNIFICANT EVENTS 

The third quarter 

  • SaltX and SMA Mineral deepened their collaboration in a new agreement 

  • SaltX carried out an oversubscribed rights issue and receives approximately MSEK 69.0 in total (before issue expenses) 

  • SaltX has been awarded a grant from the Swedish Energy Agency (Energimyndigheten) of approximately MSEK 20.0 for further development of electrification technology to produce emission-free quicklime  

After the end of the period 

  • SaltX and SMA Mineral entered an agreement with Ovako Sweden for the use of climate-neutral quicklime in steel production  

  • SaltX received a partial order of approximately MSEK 70 for deliveries to the world´s first electrified quicklime manufacturing facility  


Read the full report here: 
https://www.saltxtechnology.com/investor/news/financial-reports/ 

Stockholm November 1, 2023 
Board & CEO 

For further information, please contact:   
Carl-Johan Linér (CEO) +46 705-32 08 08  
Harald Bauer (CFO) +46 708-10 80 34  

*************************************************   
This information is such information that SaltX Technology Holding AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the care of the above contact persons, for publication on November 1, 2023, at 08.00 CET.  


About SaltX Technology  
SaltX Technology is a Swedish green technology company that develops and markets sustainable technology beneficial to customers, the climate, and society. The company operates in electrification technology primarily for the lime and cement industry and large-scale industrial energy storage. SaltX Technology’s stock is listed on the Nasdaq First North Premier Growth Market. For more information, visit: www.saltxtechnology.com.   


Stockholm, 2023-11-01 

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